Analyst Upgrades: Square Inc, Amazon.com, Inc., and AT&T Inc.

Analysts upwardly revised their ratings and price targets on Square Inc (SQ), Amazon.com, Inc. (AMZN), and AT&T Inc. (T)

Jul 1, 2016 at 10:13 AM
facebook X logo linkedin


Analysts are weighing in on payment processor Square Inc (NYSE:SQ), e-tailer Amazon.com, Inc. (NASDAQ:AMZN), and telecommunications stock AT&T Inc. (NYSE:T). Here's a quick roundup of today's bullish brokerage notes on SQ, AMZN, and T.

  • SQ is up 2.8% at $9.30, following an upgrade by Wedbush to "neutral" from "underperform." The Jack Dorsey stock has had a rough go of it of late, with the shares down by nearly 30% year-to-date, falling sharply after a disappointing earnings report in May. Prior to today, Square Inc had underperformed the broader S&P 500 Index (SPX) by 40 percentage points over the last 60 sessions. Short interest has surged 33.9% in the last reporting period, and now accounts for 11.3% of SQ's float -- an amount that would take traders 6.7 days of trading, at SQ's average daily volume, to cover.
  • AMZN is up 1.1% at $723.23, after revealing its second annual "Prime Day" will be held on July 12. AMZN also announced a deal with PBS to make Amazon.com, Inc. the exclusive streamer of popular PBS children's shows. Baird reiterated its "outperform" rating on the e-tail stock, while raising its price target to $800 from $780 -- in uncharted territory. AMZN has rallied more than 21% in the past three months, with the shares now up over 63% year-over-year. Analysts are positive towards AMZN, with 28 of 31 rating it a "buy" or better, and without a single "sell" to be found. For option buyers looking to get in on the AMZN action, now may be a good time. AMZN's Schaeffer's Volatility Index (SVI) of 22% sits lower than 91% of all other readings from the past year, implying near-term traders are pricing in relatively low volatility expectations, while AMZN's Schaeffer's Volatility Scorecard (SVS) sits at a relatively high 89, indicating the stock has outpaced volatility expectations over the last 12 months.
  • T is up 0.6% at $43.45 – a new 14-year high -- after J.P. Morgan Securities raised its price target on the stock to $45. AT&T Inc. is up over 25% this year, even after its divorce from Yahoo! Inc. (NASDAQ:YHOO). Options players have been especially bullish towards the stock in recent weeks, with T's 50-day call/put volume ratio at the International Securities Exchange (ISE), Chicago Board Options Exchange (CBOE) and NASDAQ OMX PHLX (PHLX) of 3.76 sitting in the 94th percentile of its annual range.
Sign up now for Schaeffer's Opening View newsletter to get a head start on all the major pre-market news!
 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI